Natural Gas Update: Challenges Persist

We project growth in supply will come predominantly from the Gulf of Mexico, the Rockies, and the Ark / La / Tex regions. U.S. production will increase from 19 TCF in 1998 to 25 TCF in 2010 and 27 TCF in 2015. Imports from Canada will grow from 3.0 TCF to 4.5 TCF but will still represent about 14% of the overall supply. LNG imports will also increase - to 0.9 TCF, essentially maximizing use of existing import facilities, but it is assumed that no new facilities will be built and operational before 2015.